Iterscan bought Solscan, a Solana block explorer, in the midst of the SOL lineup
Ethereum blockchain explorer Etherscan kicks off the year with new acquisitions related to the Solana blockchain.
On January 3rd, Etherscan officially announced the acquisition of Solscan, the leading block explorer of the Solana ecosystem. He said the acquisition is a “mutual integration” that continues Etherscan's efforts to expand its blockchain data services across multiple networks.
In the year Founded in 2021, Soulscan serves more than three million monthly users, and its community on X (formerly Twitter) has amassed more than 23,000 subscribers as of this writing. The Solscan block browser has many features familiar to Etherscan users, including detailed address, token and transaction data as well as APIs, dashboards and NFT metadata.
After the acquisition, EtherScan will continue to provide “securely neutral and fair access to blockchain data,” the announcement said. The company plans to integrate more features and provide improved support across different browsers.
“The SoulScan team has proven their expertise in providing detailed insights and analytics over the years. Their expertise in making blockchain data accessible and user-friendly aligns perfectly with our mission at Etherscan,” said Matthew Tan, CEO and Founder of Etherscan.
Etherscan's latest acquisition comes amid a significant increase in the price of Solana (SOL), the native cryptocurrency of the Solana blockchain.
On December 22nd, Binance Chain's BNB (BNB) briefly surged a day after Solana's market capitalization overturned XRP's (XRP) market cap. The token has risen 60% in the past 30 days, rising above $100 by the end of 2023 for the first time since 2022.
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At the time of writing, the Solana token is trading at $110, down 3.5% in the last 24 hours, according to data from CoinGecko. SOL is now the fifth largest by market capitalization and is valued at approximately $47 billion.
Some industry observers speculate that the SOL cryptocurrency Ether (ETH) may one day pass. Solana briefly eclipsed Ethereum in terms of daily decentralized exchange (DEX) trading in late December.
At the end of December, Solana beat Ethereum by 56 to 50 in global searches on Google.
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